Gelonghui November 16丨Huabang Technology (03638.HK) announced that the company's board of directors noticed an increase in the price of the company's shares today. After making enquiries about the company under reasonable circumstances, the board of directors confirmed that, as stated below, it was unaware of any reason for such price fluctuations, or any information that must be published to avoid a false market for the company's securities, or any inside information required to be disclosed under Part XIVA of the Securities and Futures Ordinance.
The Board of Directors hereby informs its shareholders and potential investors that the Company is considering a share offering to expand the Group's trading business and financial services business, and explore any opportunities to acquire new businesses or make strategic investments to expand the Group's trading business and create synergies for it. The company has negotiated the acquisition of a business dealing with electronic assembly equipment and semiconductor machines.